Mumbai, Nov 16 –
The National Democratic Alliance (NDA) swept back to power in Bihar’s assembly elections, giving the central coalition a decisive edge. Analysts predict the win will lift India’s equity markets, as the result signals political stability for the national government.
JM Financial said the final tally matched exit polls but delivered a stronger mandate than before. They added that the new women‑focused cash‑transfer program helped raise turnout, especially among female voters, and was reflected in the vote shift away from the opposition parties (RJD and Congress).
Indian stocks closed the week on a high note. The Nifty 50 finished at 25,910.05 and the BSE Sensex at 84,562.78, up more than 1.5 % each. Growth followed a surge in domestic fundamentals: strong Q2 earnings, easing inflation and the U.S. government shutdown’s resolution.
Investor sentiment was buoyant once the Bihar result announced. Market watchers link the positive mood to the NDA’s victory, which reinforces risk appetite across the board.
Retail inflation cooled sharply to 0.25 % in October from 1.44 % in September, helped by recent GST rate cuts and falling food costs. Wholesale prices slipped into negative territory, falling 1.21 % in October, largely due to softer crude oil and non‑food item prices.
These developments paint a rosy short‑term picture for investors and underline the benefits of a stable political landscape for India’s growing markets.
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